FREYR raises $265m and forms Nidec JV amid KKR talks

FREYR raises $265m and forms Nidec JV amid KKR talks

Norwegian lithium-ion gigafactory firm FREYR has raised over a quarter of a billion dollars and completed the previously-announced JV with Nidec Corporation to develop energy storage solutions. Last month, Bloomberg reported that the company, which listed on the NYSE...
Ares SPAC Is Merging With Nuclear Energy Firm X-Energy

Ares SPAC Is Merging With Nuclear Energy Firm X-Energy

A blank-check company backed by private equity firm Ares Management is merging with X Energy Reactor, a nuclear power technology firm. Ares Acquisition Corp. and the developer of small nuclear reactors will have a combined valuation of about $2 billion, according to a...